Morning Edition · Thursday, July 9, 2026
Summer.fi Vault Loses About $6 Million as 2026 DeFi Theft Tally Passes $840 Million
A pricing failure briefly showed a conservative vault yielding more than two million percent, allowing an instant withdrawal of user funds.
An exploit drained roughly $6 million from a Summer.fi lending vault on Ethereum after the vault's accounting algorithm failed and briefly displayed an annual yield of about 2,080,000 percent, Cryptonews reported. The mispricing let an atta…
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Bridge and Mint Exploits Sustain Heavy DeFi Losses
Over 3-6 months, recurring bridge proof-validation and unauthorized-mint exploits keep monthly DeFi losses elevated, including drains of deprecated contracts.
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